Real Estate Market News

Latest News

These articles feature the latest real estate market news and expert analysis by members of the Paul Rushforth Real Estate team

The market is always changing, so check this section often to learn about the latest conditions.

  • Market Continues to ‘Spring’ into Action April 09, 2018

    While the official arrival of spring was March 20, the real estate market didn’t wait for the calendar. We are now well into the seasonal market, and buyers continue to be active. Here are the March 2018 numbers: Total number of units sold: 1,660 - up 12.3% from March 2017 Five year average unit sa…

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  • Paul Gives CTV Expert Advice on Ottawa’s Market March 19, 2018

    Our own Paul Rushforth spoke with CTV about the current market, and how buyers should prepare when there’s a low listing inventory. While Canada’s real estate numbers are down overall, Ottawa is staying strong. Real estate agents are seeing plenty of demand. Unfortunately there is a lower than usua…

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  • More Multiple Offers As Spring Market Hits Its Stride March 09, 2018

    March may have come in like a lamb, but the Ottawa real estate market had a busy, if slightly slower, month in February. Here are the February 2018 numbers: Units sold: 979, a 2.3% decrease over 1,002 in February 2017. Five year average sales for February: 922 Number of residential-class properties…

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  • Plenty of Buyers in the First Month of 2018 February 13, 2018

    Despite some speculation that the market would slow due to the mortgage rule changes that took effect on the 1st of the month, 2018 is off to a great start. Here are the January 2018 numbers: Units sold: 712 in total, up 7.2% from 664 in January 2017. Five year average sales for January: 638 units …

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  • 2017 Ending Hot Despite the Cold January 09, 2018

    Even though the temperatures were well below freezing, the Ottawa real estate market closed out 2017 on a high note. The Ottawa Real Estate Board’s 2018 president, Ralph Shaw, says that, “December saw an increase of 3.5 per cent in the number of units sold in residential sales and 25 per cent in con…

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  • November’s Market Bucks Seasonal Traditions December 07, 2017

    Ottawa’s real estate market certainly doesn’t have the winter blues, not after such a strong showing from November. Here are the latest numbers from the Ottawa Real Estate Board: Units sold: 1,239, up 24.9% from 992 in November 2016. Number of residential-class properties sold: 945 Average sale pri…

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  • October Real Estate Market Stays Up Amidst the Seasonal Shift November 06, 2017

    The temperature - and leaves - may be dropping, but Ottawa’s real estate market isn’t letting the change in season affect how well it’s performing. Here are the numbers from the Ottawa Real Estate Board: Units sold: 1,243: up 2.3% from 1,214 in October 2016. It’s also up from the five-year average …

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  • September Closes Out a Strong Third Quarter for Real Estate Market October 06, 2017

    The numbers are in, and September has officially ended the third quarter of this year on a high note. Here are the numbers from the Ottawa Real Estate Board: Units sold: 1,387: up 1.6% from 1,365 in September 2016 Five-year average sales for September: 1,250 Number of residential-class properties s…

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  • August 2017 Ends Summer Real Estate Season on a High Note September 07, 2017

    The August numbers are in, and it’s conclusive; this has been a great summer for the Ottawa real estate market. Ottawa Real Estate Board president Rick Eisert released his report, saying that the August numbers were remarkably similar to July’s. Units sold: 1,538: up 3.8 per cent from 1,481 in Augu…

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  • July Market Sees a Faster Selling Rate August 04, 2017

    July Market Selling Rate Is 22% Faster Than 2016 After looking at the July 2017 numbers, the president of the Ottawa Real Estate Board, Rick Eisert, is happy to report a faster selling rate for both residential class and condo class units. “Cumulative days on market has been holding pretty steady th…

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